Business

China warned Monday that nobody would win in a " trade war " with the United States as President Donald Trump prepared to launch an investigation into Chinese intellectual property practices. Xi, in his phone conversation with Trump, urged calm. Notably, China's coal imports from North Korea dropped precipitously, with only 2.7 million tons being shipped in the first half of 2017, down 75 percent from 2016.

The transaction is expected to be completed early in the fourth quarter of this year with VF paying Williamson-Dickie shareholders approximately $820 million in cash. In an exclusive interview with Footwear News last month, Rendle said the firm - which recently shed its Licensed Sports Group business, including the Majestic brand - had been focusing on both acquisition and divestitures as it seeks to strengthen its portfolio in turbulent retail times.

Robert W. Baird reaffirmed an "outperform" rating and set a $411.00 target price (up previously from $368.00) on shares of Tesla in a research note on Monday. Now the shares of Tesla Motors, Inc. In related news, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction on Tuesday, August 1st.

Target said on Monday that it plans to bring the same-day delivery pilot to a few more NY stores this fall. Terms of the deal weren't disclosed. The Target announcement comes one day after the German grocery chain Aldi Inc said is is partnering with Instacart Inc.to deliver groceries in three US cities, a move that comes amid intense competition and disruption in the industry.

The so-called fear gauge - the CBOE Volatility Index (VIX), the most widely followed barometer of expected U.S. stock market volatility, hit its highest since November 8, when Mr Trump was elected president. "This situation is beginning to develop into this generation's Cuban Missile crisis moment", ING's chief Asia economist Robert Carnell wrote in a note.

Using the following ratings scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell and 5.0 Strong Sell, analysts have an average recommendation of 2.30. Fiat Chrysler Automobiles NV shares rose $0.68 (+5.86%) in premarket trading Monday. US Bancorp DE increased its position in Fiat Chrysler Automobiles N.V.by 5.7% in the first quarter. It already did this with Ferrari in 2015 and the stock has been performing well.